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This study investigates the diversification of loan portfolio of Central Banks and attempts to research previous work … on loan portfolio diversification and its effects on credit risk. The report collects data on 20 central banks to …
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We study the interaction between monetary policy and labor supply decisions at the household level. We uncover evidence of heterogeneous responses and a strong countercyclicality of hours worked in the left tail of the income distribution following a monetary policy shock in the U.S....
Persistent link: https://www.econbiz.de/10015449665
With 30% of the world's investment grade sovereign bonds trading at sub-zero yields, there is a growing acceptance that negative interest rates are the 'new normal.' Even very low probabilities of sustained negative interest rates in the future leads to incredibly high Expected Values for...
Persistent link: https://www.econbiz.de/10012846686
We use a no-arbitrage shadow rate term structure model to estimate investors' views about the timing of monetary policy ‘lift-off' in the United Kingdom over time. Our estimates show that when the UK policy rate was first cut to 0.5%, in March 2009, investors believed that it would remain at...
Persistent link: https://www.econbiz.de/10013017592
We study the interaction between monetary policy and labour supply decisions at the household level. We uncover evidence of heterogeneous responses and a strong income effect on labour supply in the left tail of the income distribution, following a monetary policy shock in the US and the UK....
Persistent link: https://www.econbiz.de/10014080082
We study the interaction between monetary policy and labor supply decisions at the household level. We uncover evidence of heterogeneous responses and a strong income effect on labor supply in the left tail of the income distribution, following a monetary policy shock in the US and the UK. That...
Persistent link: https://www.econbiz.de/10014081147
Dynamic economic models make predictions about impulse responses that characterize how macroeconomic processes respond to alternative shocks over different horizons. From the perspective of asset pricing, impulse responses quantify the exposure of macroeconomic processes and other cash flows to...
Persistent link: https://www.econbiz.de/10014024262